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About the Book

China Development Research Foundation is one the leading economic think tanks in China, providing a base where many leading Chinese economists have developed the details of Chinese economic reform. This book is the second of a series which makes available to an English-speaking audience the work of the individual Chinese economists who were the architects of reform. The series provides an inside view of China’s economic reform, revealing the thinking of the reformers themselves, unlike many other books on China’s economic reform which are written by outside observers. Guo Shuqing has made major contributions to the thinking underlying China's economic reforms and to the practical implementation of several of those reforms.

Table of Contents

1. An Exploration of Reform of the Chinese Economic System 2. On the Target Model of Price Reform 3. Comprehensive Reform is in Urgent Need of Overall Planning 4. Issues Regarding Coordinated Reforms over the Next Two Years 5. Problems and Solutions in the Process of Modernization 6. Guarantees to Success in Price Reform and Systematic Transition 7. Thoughts on Economic Development Strategies for the Period 1991-2000 8. Outlines of a New Economic System, and Methods and Steps for Accelerating the Ttransition 9. Improving Investment Structures and Strengthening Overall Control 10. Reforming Property Right System is an Urgent Necessity 11. Examine Current Macro Policy Operations from the Perspective of First-Quarter Performance 12. Proposal on Accelerating Reform of the Foreign Exchange Regime 13. Debt Restructuring: A Solution to the Thorny Issue of Enterprises and Banks Transformation 14. Several Social Security Reform Issues in Urgent Need of Clarification 15. On the Transfer and Restructuring of Stock Capital Assets 16. Proposal to Launch a New Round of Housing Reform 17. Expediting Structural Adjustment and Developing a New Engine for Growth 18. Some Thoughts on Reform of the Grain Circulation System 19. On Revitalizing Public Finance 20. Proposals to Develop a Market for Government Bonds 21. Stronger Measures Needed to Improve Economic Circulation 22. Several Decisive Factors Shaping the Future of the Chinese Economy 23. A Macroeconomic Perspective on the ‘Three Issues’ Concerning Rural China [Agriculture, Farmers, and Rural Areas] 24. Opinions and Suggestions on Macro Regulation in the Near Term 25. Several Issues to be Emphasized in the Next Stage of Reform 26. Future Challenges Confronting Reform 27. Focus on Investment in Scientific Research, and on Reform of Enterprise Management Systems 28. Develop Modern Railways and Establish a Rational and Comprehensive Transport System 29. Special Problems that Need to be Addressed in Balancing China’s Economic Development 30. The Major Task in Reforming State-Owned Banks is to Establish a Customer-Centric Philosophy and Customer-Centric Mechanisms 31. Macroeconomic Adjustment Measures Should Look Squarely at the Challenges Posed by the Surplus of Foreign Exchange Balance

About the Author/Editor

Guo Shuqing is currently chairman of China Construction Bank Corporation. He was formerly the Deputy Governor of China’s central bank; Director of the State Administration of Foreign Exchange; Secretary General of the State Commission for Economic Restructuring, Vice Governor of Guizhou Province, and Chairman of China Huijin Investments Limited. Author of over 300 academic works, Mr Guo’s publications include Aggregate, Structure and Marketization and Comparative Pricing Systemsand Rebalancing China’s Economy.

About the Series

The primary aim of this series is to publish original, high quality, research-level work, by both new and established scholars in the West and East, on all aspects of the Chinese economy, including studies of business and economic history. Works of synthesis, reference books and edited collections will also be considered. Submissions from prospective authors are welcomed.